Liv-ex 50 by currency

The Liv-ex Fine Wine 50 Index hit its low point for 2012 on
13th November, and since then has risen by 6.2%. Yet as the chart
above shows, the severity of this growth is dependent on which currency you are
trading in. With the Yen weakening, the Japanese have seen the greatest gain –
of 20% – in fine wine prices over the last two and a half months. For the
Dollar and Sterling – which have weakened against the Euro – this increase is smaller,
while in Euros, prices have barely risen at all. Such disparity
leaves the question: has the price of wine really gone up, or has, in fact, the value of
money merely gone down?